NEWS
Wulstan Purchases Industrial Estate
Oct/13
Wulstan Capital has purchased units 27-30 Longfield Road, Sydenham Industrial Estate, Royal Leamington Spa.
The purchase will show an 8% annual income return on equity rising to 12% upon the letting of a vacant unit.
Debt on the purchase was provided by Lloyds Commercial Banking.
Shoosmiths and Shortland, Penn and Moore represented Wulstan.
Opportunities Fund Annual Income Return
Jun/13
The Wulstan Capital UK Opportunities Fund has delivered a net income return of 8.06% for the year to April 2013.
This return is ahead of last year's figure of 7.47% per annum and of the initial target of 4.5% per annum.
During the year the Fund's properties were independently valued and showed a 9.1% increase from the initial purchase prices.
New Fund Launched
Dec/12
Wulstan Capital has launched a new fund to invest in office and industrial buildings in the UK.
The fund is open to High Net Worth Individuals and has a minimum subscription of £100,000.
The target annual income return is 7% with a target total return of 10% to 12% over the life of the fund.
Wulstan Buys In Bromsgrove
Dec/12
Wulstan Capital has purchased Barnsley Hall and Barnsley Court in Bromsgrove.
The properties are let to W M Housing Group Ltd until August 2020.
KWB and Shoosmiths acted for Wulstan.
Wulstan Fund Delivers Strong Income Return
Oct/12
The Wulstan Capital UK Opportunities LLP delivered a net income return to investors of 7.47% for the year to April 2012.
At inception the target income return for the fund was 4.5% per annum.
The average unexpired lease term of the fund's assets is currently 18 years 9 months.
Wulstan Buys In Scotland
Aug/12
Wulstan Capital has made its debut purchase in Scotland having concluded missives on a 3 unit industrial scheme in Ardrossan.
The main unit is let to Saint-Gobain Building Distribution Ltd (trading as Jewson) for a further 10 years.
The other 2 units are let to local companies for a further 37 years.
Shoosmiths and Henderson Herd acted for Wulstan.
New Facility Agreed
Aug/12
Wulstan Capital has agreed a new banking facility with Santander Corporate Banking.
The 3 year facility is secured against 5 properties with a total value of £5.2 million.
Shoosmiths acted for Wulstan.
Glastonbury Purchase
Jun/12
Wulstan Capital has exchanged contracts to buy a brand new trade-counter investment in Glastonbury at a yield of 7.25%.
The unit, once built, will be let to Howden Joinery Ltd on a 15 year lease.
Boodle Hatfield represented Wulstan.
Charity Cricket Tournament Raises £15,000
Jun/11
A charity cricket tournament sponsored by Wulstan Capital at Chiswick House raised £15,000 for CLIC Sargent.
Further details can be found at www.justgiving.com/charitycricket
Wulstan Capital Buys In Sheffield
Mar/11
Wulstan Capital has purchased an industrial unit in Dinnington, Sheffield for a yield of 7.1%.
The brand new unit is let on a new lease to Dignity Funerals Ltd for 20 years.
Debt on the purchase was provided by Santander Corporate Banking.
Harris Lamb and Boodle Hatfield represented Wulstan.
Wulstan Capital Invests Into Fund
Sep/10
Wulstan Capital has made an investment into the Cordea Savills UK Income & Growth Fund, a Jersey Property Unit Trust.
The Fund has a target size of £1bn with a target distribution of 6.5% pa and total return of 10% to 13% pa.
Boodle Hatfield represented Wulstan.
Wulstan Capital's Latest Purchase
May/10
Wulstan Capital has acquired Unit 14, Charter Point, Ashby Park, Ashby De La Zouch for £2 million reflecting a yield of 7.1%.
The acquisition is a recently constructed office building let on a new 25 year lease to Bloor Holdings Ltd.
Debt on the purchase was provided by Santander Corporate Banking.
GVA Grimley and Boodle Hatfield represented Wulstan.
